Canfor Corporation is announcing a temporary reduction in Canadian production due to very weak market conditions. The production will be reduced through curtailments at all solid wood facilities in B.C. and Alberta. This will remove approximately 150 million board feet in December and January. The curtailments will start to be implemented on December 19, 2022 and will range from one to four weeks across its Canadian operations. The Company will continue to adjust operating rates to align with market conditions and anticipates that the majority of its BC facilities will operate below full capacity in the New Year. “Due to the significant decrease in demand for solid wood products and challenging economic conditions, we are temporarily curtailing production in Canada. We will be working to mitigate the impacts on our employees by providing support and identifying meaningful work during the downtime,” said Don Kayne, President and CEO, Canfor.

“2024 was a transformational year for Clearwater Paper. We took significant steps to focus our strategy on becoming a paperboard packaging company. We acquired a high-quality manufacturing facility in Augusta, Georgia, increasing our paperboard capacity by nearly 75% and improving our geographic footprint in North America,” said Arsen Kitch, president and chief executive officer. “We also divested our tissue business for $1.06 billion at closing and used the proceeds to de-lever our balance sheet and Net sales from total operations were $483 million for the fourth quarter of 2024, down 6% compared to fourth quarter 2023 net sales of $513 million. Net income from total operations for the fourth quarter of 2024 was $199 million, or $11.91 per diluted share which includes $307 million of gain on sale of the tissue division ($219 million after tax) compared to $18 million for the fourth quarter of 2023, or $1.06 per diluted per share. Net sales from total operations were $2.2 billion for 2024, an increase of 6% compared to 2023 net sales of $2.1 billion. Net income for 2024 was $196 million, or $11.70 per diluted share, compared to $108 million for 2023, or $6.30 per diluted share.

Mohawk Fine Papers, Inc. unveiled a groundbreaking portfolio of papers, Mohawk Renewal, made from rapidly renewable, sustainable fibers—namely hemp, straw and recycled cotton—in April of last year. Mohawk's world-class engineers have devised a process that allows the mill to create the beautiful, high-performance papers Mohawk is renowned for using rapidly renewable, new fibers. The alternative fibers Mohawk has chosen for its groundbreaking line rely on waste from agriculture and garment manufacturing. By using scraps that would've otherwise been disposed of, we're reducing waste and pollution while creating something beautiful. Now, the entire range of Mohawk Renewal Hemp, Mohawk Renewal Straw and Mohawk Renewal Recycled Cotton papers have been reviewed and found to be in compliance with United States Food & Drug Administration (FDA) requirements for use as an Indirect Food Additive (IFA), a designation for materials used in the handling, holding or packaging of food. This means that Renewal products are suitable for use in packaging and labeling applications that involve direct food contact.